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China’s metal to metal ball valve Jinchuan Group to expand production scale in 2009
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China’s Jinchuan Group to expand production scale in 2009Published: 07 Jan 2009 00:00:00 PSTJan. 7, 2009 (China Knowledge) – China’s Jinchuan Group Ltd, the largest integrated non-ferrous metallurgical and chemical engineering enterprise in Asia, announced that it would increase its output this year, in a bid to lower costs despite the weakening nickel and copper market.The Gansu-headquartered company plans to produce 125,000 tons of nickel, 400,000 tons of copper, 7,800 tons of cobalt and 2.1 million tons of chemical products in 2009.The group expects its operating revenue to keep growing this year, sources said, citing Li Yongjun, chairman of Jinchuan Group, as saying.Last year, Jinchuan Group’s operating revenue was RMB 53.6 billion, slightly more than that of 2007. However, its profits shrank sharply due to the slump of nickel and copper prices.Recently, Jinchuan Group raised the factory price of nickel by RMB 5,000 to RMB 87,000 per ton for the first time in the past half year in line with the rebound in the global price.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newscheap kitchen cabinets lipo battery kitchen cabinets 烘箱

Chinese slewing bearing stocks open down 2.08% on Wed
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Chinese stocks open down 2.08% on WedPublished: 18 Feb 2009 17:40:02 PSTFeb. 18, 2009 (China Knowledge) – Chinese stocks opened lower on Wednesday morning tracking losses in neighboring markets. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened lower at 2,271.26, down 2.08% or 48.18 points from Tuesday.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 2.11% lower at 8,282.90 points.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina NewsRTA cabinets lithium batteries cabal rmt 激光打标机 浙江旅游

Taiwan d largest indoor water park ollar ends steeply lower at 22-year low
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Taiwan dollar ends steeply lower at 22-year lowPublished: 02 Mar 2009 17:42:39 PST TAIPEI, March 2 – The Taiwan dollar ended around22-year lows on Monday as a deep contraction in the U.S. economytriggered worries about the impact on Taiwan, and local stocksfell, with dealers expecting the weakening trend to persist. The Taiwan dollar <TWD=TP> weakened by 0.6 percent to closeat T$35.174 to the U.S. dollar, the lowest since Jan. 19, 1987when the government set the daily rate at T$35.200 during acontrolled currency system, data from the Taipei Foreign ExchangeMarket Development Foundation showed. Dealers expect the Taiwan dollar to weaken further in comingdays as Asian currencies take a hit from a deepening globalrecession, with the South Korean won <KRW=> hitting an 11-yearlow and the Indian rupee <INR=IN> scaling a record trough. ”Rising uncertainty on the global financial front wouldindeed inspire more foreigners’ selling ahead and propel priceshigher. And if the dollar remains firm, (we) expect the Taiwandollar to be biased towards more weakness,” Forecast said. Earlier in the day, the Taiwan dollar hit an intraday low ofT$35.207, the weakest level in about 6-½ years and comparedwith the previous close of $34.950. LIGHT INTERVENTION The central bank sold some U.S. dollars, but intervention waslight as it was a weakening trend for Asian currencies all acrossthe board, dealers said. ”All the Asian currencies are tumbling and the Taiwan dollarfollowed that trend,” said a dealer in Taipei. ”Everybody isworried about the state of Asian economies.” Volume on the main Taipei Forex Inc exchange was $1.02billion, slightly lower than Friday’s $1.03 billion. The Taiwan dollar only began trading more freely withoutdaily limits in April 1989 under a managed float system, wherebythe central bank frequently enters the market to buy and sellU.S. dollars to smooth out sharp fluctuations. The central bank issued a brief statement after the marketclose, reiterating its comments saying that the Taiwan dollar wasrelatively stable, compared to the movements in other currencies,such as the won and the yen <JPY=>. Since the beginning of the year, the Taiwan dollar has lostmore than six percent, compared to the won’s fall of about 20percent and the Singapore dollar’s more than 7 percent decline.[ID:nSP475556] ”So long as the Taiwan dollar’s fall is only about a third ofthe won, I think we are alright,” a second dealer said. The central bank has been ensuring that the Taiwan dollarweakened at a gradual pace to help the island’s exporters withoutharming private investment and domestic consumption. Taiwan’s economic health is worrying since exports have beenlogging record falls, the jobless rate hitting a historic highand the economy possibly set to suffer from its longest recessionever. On the smaller Cosmos exchange, the Taiwan dollar <COSMOS1>ended at T$35.168, lower than the previous close of T$34.935. ルーセントハート rmt Aloe vera リネージュ2 rmt 烘箱 古城

Chinese Solar panel cleaning stocks open 0.13% lower on Wed
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Chinese stocks open 0.13% lower on WedPublished: 04 Aug 2009 18:37:55 PSTTop 5 News From ChinaKnowledge.comHong Kong Aircraft Engineering sees net profit down 27% in H1IDG mulls launching RMB 4-bln fund by mid-2010Hong Kong restaurants’ income dips 0.7% in Q2Vanke sees net profit hit RMB 2.52 bln in H1HTC’s revenues rise 10% to NT$38 bln in Q2Aug. 5, 2009 (China Knowledge) – Chinese stocks opened slightly lower on Wednesday morning.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,467.053 points, down 0.13% or 4.4 points from the previous closing.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.06% or 8.85 points lower at 13,895.69 points.Copyright © 2009 http://www.chinaknowledge.comedda rmt car sun shades レッドストーン rmt 宁波旅游 江南古镇

DEALTALK fisher sub sieve sizer -Don’t bet on China rescuing foreign car makers
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DEALTALK-Don’t bet on China rescuing foreign car makersPublished: 26 May 2009 23:44:22 PST * Chinese seek brand, technology, not whole operations * More likely to seek bargain buys in secondary sales * Burnt by past buys such as Ssangyong; Rover may be model * Why look overseas? their domestic market is hot SHANGHAI/HONG KONG, May 27 – Don’t look for Chinato drive consolidation in a global auto industry bloated withtoo much cost and capacity, analysts and executives say,despite a recent rash of reports and speculation that sayotherwise. The Chinese, burned by past acquisitions that backfired,lack the know-how and stomach to buy car makers’ entireoperations, and are more likely to be bargain-bin shoppers fortechnology, design and other assets being sold off in secondarysales. Beijing Automotive Industry Corp (BAIC) is the latest namein the frame, with Germany’s Economy Ministry confirming theChinese firm made an offer for Opel, the German unit of GeneralMotors. The offer now presents a fiercely contested four-way battlefor control of a carmaker that traces its roots in Germany backto the 19th century. BAIC can be added to a string of Chinese automakers said tobe interested in buying an international asset in an industryundergoing a major overhaul as recession and tight creditcripple sales. Other Chinese names that have cropped up in mostlyunconfirmed reports include Geely Automobile Holdings andChongqing Changan Automobile Co, as potential bidders for FordMotor’s Volvo cars, and Geely for GM’s Saab. Dongfeng MotorGroup Co and Chery Automobile have also been mentioned asinterested buyers in overseas assets. ”It doesn’t make sense for them to take over the entireoperations, which is of little value for them. We had enoughproduction capacity in China already,” said Qin Xuwen, ananalyst with Orient Securities in Shanghai. ”What we do need is brand and technology.” An executive inside one of the major automakers expressedsimilar sentiment: ”Chinese automakers are indeed interested inthe foreign brands out there for sale, but few would want totake over the entire operations,” he said, speaking oncondition his name would not be used due to the sensitivity ofthe situation. ”What we want is the brand, technology or select platformswhich we can then use to raise our own profile.” Others agree the companies are keen on getting access totechnology and innovation, but running an overseas business isanother matter. Accordingly, Chinese automakers are more likely to pursuedeals like SAIC Motor’s purchase of the Rover 750 and 250platforms from failed MG Rover in 2005. That deal enabled SAICto develop the Roewe, its first in-house designed saloon,without the baggage of inefficient manufacturing. While the BAIC offer is likely to stir up the ongoing Opelauction, it remains in question just how serious BAIC is aboutowning and operating the business. ”It’s tough to see an Asian buyer,” said a Hong Kong-basedinvestment banker who covers the industry, when asked about thevarious auctions of U.S. and European auto assets. Instead of BAIC, he used the case of Geely, another Chinesecar maker often touted as chasing overseas assets. Executivesthere have no experience owning an international entity and alラテール rmt 风机箱 マビノギ rmt lithium 3.6V battery 古镇

Beiqi Fo nitrogen plant ton to set up sales unit in Russia
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Beiqi Foton to set up sales unit in RussiaPublished: 05 Dec 2008 02:11:47 PSTDec. 5, 2008 (China Knowledge) – Beiqi Foton Motor Co Ltd<600166>, the largest commercial vehicle producer in China, said on Thursday its board has approved to set up a wholly-owned unit in Russia, according to its filing with the Shanghai Stock Exchange.The sales unit, with a registered capital of US$2 million, will be located in Moscow and target the market in eastern and central Europe, which is one of the fastest-growing overseas auto markets with growth up to 8.8% in 2007 from 6.7% in 2005, the company said in the statement.Meanwhile, the unit is expected to directly buy vehicles and parts from Beiqi Foton, and then sell them through the its sales network in Russia,The establishment of the unit is not only an important step for Beiqi Foton to expand to the Russian market, but also lays a good foundation for the its cooperation with Daimler AG in the international market.On Aug. 7, Beiqi Foton and Daimler signed a letter of intent to cooperate globally in commercial vehicles. Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newsdental bearings 减速机 aion rmt 弹簧 联轴器

Chinese RTA cabinets stocks open down 2.08% on Wed
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Chinese stocks open down 2.08% on WedPublished: 18 Feb 2009 00:00:00 PSTFeb. 18, 2009 (China Knowledge) – Chinese stocks opened lower on Wednesday morning tracking losses in neighboring markets. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened lower at 2,271.26, down 2.08% or 48.18 points from Tuesday.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 2.11% lower at 8,282.90 points.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newselevator manufacturer uv灯 アトランティカ rmt 除湿机 ドラゴナ RMT

Chinese stainless steel flange stocks end 0.24% higher on Wed
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Chinese stocks end 0.24% higher on WedPublished: 18 Mar 2009 00:25:19 PSTMar. 18, 2009 (China Knowledge) – Chinese stocks ended slightly higher on Wednesday led by coal producers.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, grew 0.24% or 5.40 points to 2,223.73 points after fluctuating between 2,255.01 and 2,221.59 points. The Shenzhen Component Index on the smaller Shenzhen Stock Exchange increased 0.91% or 76.10 points to 8,465.96 points, after touching an intraday low of 8,415.71 points. Gainers in the Shanghai market outnumbered decliners by 561 to 231, while 62 were unchanged. Aggregated turnover on the two bourses was RMB 195.34 billion.Market heavy weight PetroChina<601857><857><PTR>, the nation’s top oil producer, edged up 0.09% to close at RMB 10.91. While Asia’s largest oil refiner Sinopec<600028><386><SNP> ended flat at RMB 8.42.Coal shares led the upward trend. SDIC Xinji Energy Co Ltd<601918> jumped 10.04% to RMB 10.19. Shanxi Guoyang New Energy Co Ltd<600348> gained 5.78% to RMB 15.00. Shanxi Coking Co Ltd<600740> surged 7.24% to RMB 6.22. Shanxi Antai Group Co Ltd<600408> added 5.20% to RMB 5.26.Nonferrous metal shares were also the gainers. Yunnan Copper Co Ltd<000878> surged 8.91% to RMB 16.62. Western Mining Co Ltd<601168> went up 6.54% to RMB 10.10. Anhui Xinke New Materials Co Ltd<600255> jumped 9.93% to RMB 4.98.Beijing Sanyuan Foods Co Ltd<600249> jumped 10.06% to RMB 7.33 after it said its net profit rose 87.22% in 2008.China Eastern Airlines Corp Ltd<600115><670><CEA> rose 4.46% to RMB 4.92. Shanghai Airlines Co Ltd<600591> gained 1.09% to RMB 4.65.Auto stocks ended slightly higher. SAIC Motor Corp Ltd<600104> added 0.41% to RMB 9.95. Tianjin Faw Xiali Automobile Co Ltd<000927> went up 1.45% to RMB 4.91. Chongqing Changan Automobile Co Ltd<000625><200625> gained 2.54% to RMB 6.86. Financial stocks were weak. Bank of China<601988><3988> declined 0.87% to RMB 3.43. China Minsheng Banking<600016> dropped 0.82% to RMB 4.83. Shenzhen Development Bank<000001> went down 1.13% to RMB 15.71. Industrial Bank<601166> ended 0.53% lower to RMB 3.75. Bank of Communications<601328><3328> lost 1.67% to RMB 5.88. China Life Insurance Co<601628><2628><LFC>, the country’s largest life insurance company, went down 1.14% to RMB 21.67, while Ping An Insurance (Group) Co<601318><2318>, China’s second-largest insurer, decreased 1.11% to RMB 36.56.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newspassenger elevator lithium batteries 3d wall panel 外汇交易 アラド戦記 RMT

Increasi Wholesale NHL Jerseys ng unhappiness with housing prices
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Increasing unhappiness with housing pricesPublished: 16 Dec 2009 11:02:01 PSTPedestrians pass a highrise under construction in Beijing Wednesday. A survey of urban residents carried out by China’s central bank in November found that 67.2 percent of respondents thought property prices "too high to accept," up 2.1 percentage points from the previous quarter. Photo: AFPBy Cong Mu A growing majority of Chinese households were dissatisfied with housing prices in the fourth quarter of this year, according to a survey released by the central bank Wednesday amid concerns that a burst of the housing bubble would dampen the economy.The survey of urban residents, carried out by the People’s Bank of China (PBC) in November, found that 67.2 percent of respondents thought property prices "too high to accept," up 2.1 percentage points from the previous quarter.It was the second consecutive quarter dissatisfaction with housing prices rose.The Chinese Academy of Social Sciences said in a report last week that 85 percent of families cannot afford an apartment, comparing their incomes with housing prices.National housing prices rose for a sixth consecutive month in November, growing 5.7 percent year-on-year, according to a survey of 70 major cities by the National Bureau of Statistics.In Shenzhen, the average sale price of a new apartment rose from 14,000 yuan ($2,050) per square meter June 1 to nearly 25,000 yuan ($3,660) per square meter Tuesday, up 78.6 percent. Prices peaked for the year September 24 at nearly 36,000 yuan ($5,271) per square meter.Despite the discontent, housing prices are not likely to slump next year, according to Fitch Ratings, a leading credit rating agency.Fitch said in a report Tuesday that the property market will stabilize in 2010, with housing prices moving within a tight range.It does not expect any heavy-handed policy measures in the sector in 2010, because any sharp correction in the property market could hamper overall economic growth.Zuo Xiaolei, chief economist of China Galaxy Securities, wrote in the Shanghai Securities News last month that banks have made over one trillion personal mortgage loans and nearly one trillion real estate developing loans this year, concentrating property market risks in the banking system.A burst of asset price bubbles would have a huge impact on society and the economy, Zuo said, citing the example of the 1980s’ Japanese economic debacle.The government has taken a restrained stance on cooling the sector, so as not to slow economic recovery, she said.Meanwhile, banks are still extending credit to large real estate companies, as real estate is one of the few key drivers of domestic consumption, especially while exports are still weak, according to Fitch, which does not foresee any significant tightening of credit next year.Another survey of bankers in the fourth quarter by the PBC showed that 66.4 percent of the respondents said the current monetary policy is moderate and 66 percent expect the policy to continue in the next quarter.However, the credit rating agency warned that with rapid credit growth, banks face problems of internal risk control and concerns over future deterioration in loan quality."The foremost challenges facing Chinese banks and regulators in 2010 will be balancing continued brisk growth amid accelerating capital burn," said Charlene Chu, head of China Bank Ratings at Fitch.Fitch expects new loans outstanding to reach $1.4 trillion by year’s end, close to 29 percent of the projected 2009 gross domestic product. Explore the World, Understand China!Please log on http://www.gloaltimes.cn热处理设备 弹簧 subcloning 弹簧 Mutagenesis

Hang Sen weißes kleid g Index opens 15 points higher on Wed
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Hang Seng Index opens 15 points higher on WedPublished: 08 Sep 2009 19:13:31 PSTTop 5 News From ChinaKnowledge.comBYD Chairman calls for green car purchase subsidiesLegend to invest RMB 10 bln in clean energy sector in 5 yearsChampion REIT H1 DPU hits HK$0.1314Century City’s net profit down 41.37% in H1Investor sells 9 mln shares of Kai Yuan HoldingsSep. 9, 2009 (China Knowledge) – Hong Kong stocks rose on Wednesday morning, with the benchmark Hang Seng Index opening 15 points higher at 21,085.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 31 points higher at 12,306. Hutchison Whampoa Ltd<0013> decreased 0.71% from the previous closing to HK$55.85. Hopson Development Holdings Ltd<0754> rose 0.29% and opened at HK$13.8.Copyright © 2009 http://www.chinaknowledge.com激光切割机 car sun shades ドラゴニカ rmt 弹簧 负压风机

Industri air filter al profits up 7.8% so far in 2009
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Industrial profits up 7.8% so far in 2009Published: 28 Dec 2009 12:02:03 PSTProfits of China’s major industrial enterprises in the first 11 months rose 7.8 percent from the same period a year ago, the National Bureau of Statistics (NBS) said Monday.The growth rate was 2.9 percentage points higher than the corresponding period last year, when the global financial crisis started to weigh on the national economy.During the first eight months of 2009, industrial profits declined 10.6 percent from a year earlier, the NBS said.But profits in the next three months posted a strong increase over the same period in 2008, when the global financial crisis hit China’s industrial sector the hardest. That accounted for the swing from a decline of 10.6 percent to a gain of 7.8 percent.Combined profits of major industrial enterprises with annual business revenues exceeding 5 million yuan ($732,064) were 2.6 trillion yuan ($380.67 billion) from January to November, the NBS said in a statement on its website.Profits among the country’s power generators almost tripled in the first 11 months year-on-year, while profits of the chemical fiber sector almost doubled, it said.Combined profits of oil refineries and coking plants totaled 82 billion yuan ($12.18 billion), rebounding from losses of 122.2 billion yuan ($17.89 billion) in the same period last year, the statement said.Revenues from major businesses in these industrial enterprises rose 7.1 percent year-on-year to 47.5 trillion yuan ($6.95 trillion) in the first 11 months.Xinhua Explore the World, Understand China!Please log on http://www.gloaltimes.cnlithium battery 3d wall panels iris rmt リネージュ rmt 冷风机

Shanghai slitting machine Dragon to sell properties for RMB 10.68 mln
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Shanghai Dragon to sell properties for RMB 10.68 mlnPublished: 29 Dec 2008 22:31:59 PSTDec. 30, 2008 (China Knowledge) – Shanghai Dragon Corp (SDC)<600630>, a China-based textile products and apparels producer, announced that it would sell the properties in its wholly-owned subsidiary Shanghai Threegun Co for RMB 10.68 million, sources reported.The properties to be sold are located in the North Maoming Road and Shengping Street with construction areas of 212.05 square meters and 203.18 square meters, respectively. The after-tax profits of the sale are estimated to reach RMB 6.8 million.The move is in line with the company’s efforts to focus on its core business and further expand its textile brand awareness, SDC said in a statement filed with the Shanghai Stock Exchange. Shares of SDC gained 2.37% to close at RMB 6.47 on Monday.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newslithium battery protein expression kitchen cabinets online デモンズコード rmt CNC Machining

8 Chines aviation light e investment firms raised RMB 7.77 bln in new funds in March
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8 Chinese investment firms raised RMB 7.77 bln in new funds in MarchPublished: 08 Apr 2009 01:05:25 PSTApr. 8, 2009 (China Knowledge) – Eight Chinese investment companies launched new funds in March, involving investment of nearly RMB 7.77 billion, according to a venture capital report released by research institution EZCapital yesterday.The report shows that 28 companies obtained around RMB 4.94 billion from the new funds. Sixteen companies received RMB 298 million worth of venture capital (VC) funds, three companies obtained a total of RMB 578 million from the private equity (PE) investments and nine companies received nearly RMB 4.07 billion worth of strategic investments.The report indicates a recovery in China’s VC investment market in March, which will likely be confirmed by factual data in the upcoming one or two months.The statistics released by EZCapital also show that seven enterprises went public in the domestic market last month, raising RMB 263.5 million in total.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News香港花店 China Sourcing tera rmt パンドラサーガ rmt メイプル RMT

Airbus m aluminum cookware ay choose Beijing as regional service hub
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Airbus may choose Beijing as regional service hubPublished: 24 Jun 2009 19:34:47 PSTTop 5 News From ChinaKnowledge.comShanghai GM’s Buick sales hit 2 mlnCPC in talks to buy LNG from Exxon MobilShanghai Electric receives order from SiemensBYD sells 144,741 vehicles in Jan-MayChina’s GDP likely to grow nearly 8% in Q2Jun. 25, 2009 (China Knowledge) – Airbus SAS, the world’s leading aircraft manufacturer, may make Beijing the regional hub that will provide its clients with support and training services in Asia, said Charles Champion, Airbus’ executive vice president for customer service, the China Daily reported on Wednesday.Airbus currently has a customer service center in Beijing near the Beijing Capital Airport. The US$80-million center is a 50-50 joint venture between Airbus and China Aviation Supplies Holding Co (CASC) is the most modern center of its kind in the country. The center’s priority is to support the growth of Chinese airlines, and customer service will be an important contributor to its future revenues.Airbus on Tuesday delivered its first China-made Airbus A320, which was assembled in Tianjin at the first Airbus final assembly line outside Europe. The company recently also signed memorandum of understanding (MOU) with Industrial and Commercial Bank of China (ICBC)<601398><1398> on aircraft financing and leasing. Copyright © 2009 http://www.chinaknowledge.comuv机 wizardry rmt ro rmt moe rmt 新天上碑 rmt

CNPC to MATTRESS MACHINE buy refinery from Nippon Oil
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CNPC to buy refinery from Nippon OilPublished: 14 Apr 2009 23:48:15 PSTApr. 15, 2009 (China Knowledge) – China National Petroleum Corporation (CNPC), the country’s largest integrated oil-and-gas company, is acquiring a Japanese refinery, apparently seeking to expand both upstream and downstream operations in the foreign market, sources reported on Tuesday.Hu Jie, a chief engineer with the refining and chemical branch of CNPC, said that the motivation for the move was not only to gain the refinery itself, but also to strengthen cooperation with its parent. The Chinese company did not specify which refinery it is buying.However, an officer from the Beijing office of Japan-based oil giant Nippon Oil confirmed that the refinery is owned by Nippon Oil, that it is located in Osaka, a city in west Japan, and that it has a processing capability of 115,000 barrels a day.How CNPC will buy the refinery is still under discussion, and there is still no timetable, according to the officer.Nippon Oil, Japan’s largest oil importer, refiner and distributor, owns nine refineries whose combined daily oil refining capacity is 1.3 million barrels. The company accounts for 23% of the Japanese gasoline market.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News自清洗过滤器 peptide synthesis tw rmt kitchen cabinetry ff11 rmt

Guangzho bank queue barrier u Iron & Steel gets RMB 1.09 bln worth of orders
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Guangzhou Iron & Steel gets RMB 1.09 bln worth of ordersPublished: 26 Mar 2009 23:00:34 PSTMar. 27, 2009 (China Knowledge) – Guangzhou Iron & Steel Co Ltd (GIS)<600894>, a Chinese manufacturer and seller of steel products and gas products, today announced that it has won two bids worth around RMB 1.09 billion in total from two companies, sources reported.GIS will provide steel bars for the Hainan East Ring Railway project for RMB 772 million and the for Guangdong section of the Xiamen-Shenzhen Railway for RMB 315 million.A sales manager of GIS explained that the company has focused its attention on sales amid the global financial crisis. In 2009, GIS supplied 700,000 tons of steel, including contracted sales to the government for orders signed last year.However, the manager said the company does not hold optimistic expectations for sales this year due to the sluggish domestic steel market combined with the shrinking steel export market.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News北京翻译公司 peptide synthesis 信長 rmt rta kitchen cabinets デカロン rmt

China’s maternity wedding dresses FDI down 22.5% in April
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China’s FDI down 22.5% in AprilPublished: 17 May 2009 23:55:02 PSTTop 5 News From ChinaKnowledge.comChina Unicom officially launches 3G servicesHang Seng Index opens 321.99 points lower on MonHSBC Jintrust to launch large-cap equity fund in ChinaChina’s fiscal revenue down 9.9% in Jan-AprSpain’s Telefonica to raise stake in China UnicomMay 18, 2009 (China Knowledge) – China’s foreign direct investment (FDI) declined 22.5% year on year to US$5.89 billion in April, according to statistics released by the Ministry of Commerce (MOC). The decline in April is the seventh consecutive drop since last October, and China saw its FDI fall 9.5% in March and 15.8% in February. MOC spokesman Yao Jian said the decline reflects the impact of the global economic recession on the investment. During the first fourth months of this year, the number of newly-registered foreign companies fell 34.2% from the previous year and reached 6,241 in China. The utilized foreign direct investment (FDI) amounted to US$27.67 billion, reflecting a year-on-year decrease of 21%. FDI in the manufacturing industry dropped 12.9% to US$15.61 billion in the first four months of this year, while FDI in the service industry plunged 31% to US$10.61 billion. The ministry said it is simplifying the approval procedures for foreign investment and improving investment mechanism. In March, China has eased rules for overseas investment by granting local governments the right to approve the establishment of foreign-invested ventures.Copyright © 2009 http://www.chinaknowledge.comlithium battery エバープラネット rmt skateboard bearings ready to assemble kitchen cabinets solid wood kitchen cabinets

Chinese envelope printing stocks open 0.27% higher on Tue
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Chinese stocks open 0.27% higher on TuePublished: 20 Jul 2009 17:55:15 PSTTop 5 News From ChinaKnowledge.comCNOOC to launch 50-mln-ton crude oil base in Bohai SeaChina’s CPI likely to rebound in Q4Sharp to build 6G LCD production line in NanjingSequoia Capital, Matrix invest US$15 mln in Chinese film firmMicrosoft to sponsor US Pavilion for World ExpoJul. 21, 2009 (China Knowledge) – Chinese stocks opened slightly higher on Tuesday morning, tracking gains from the previous closing.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,275.67 points, up 0.27% or 8.75 points from the previous closing.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.64 points lower at 13,380.57 points.Copyright © 2009 http://www.chinaknowledge.com弹簧 タルタロス rmt miniature bearings kitchen accessories ff14 rmt

SAIC’s 2 abschlusskleid 009 sales surpass whole of last year
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SAIC’s 2009 sales surpass whole of last yearPublished: 11 Oct 2009 20:02:01 PSTShanghai Automotive Industry Corporation (Group) (SAIC) said sales in September increased 90.7 percent from a year earlier to more than 150,000 units. Sales from January to September have totaled 1,940,000 vehicles, up 47 percent year-on-year, surpassing sales for the whole of 2008.SAIC’s three major subsidiary companies continued to have strong sales in September. Shanghai GM sold more than 71,000 passenger vehicles, up 99 percent from a year earlier; Shanghai VW sold over 70,000 units, up 83 percent year-on-year; and sales of Roewe and MG reach more than 9,000 units, up 109 percent from a year earlier.The domestic car group continues to lead in terms of commercial vehicle sales with an , increase of 91 percent in September, with SGMW selling 95,000 units, up 97 percent, and ranked No.1 among domestic mini vehicle brands.SAIC sold 720,000 units in the third quarter, up 92 percent year-on-year, and up 5.8 percent on a monthly basis. Shanghai GM sold 480,200 units sale during the same period, up 40.4 percent from a year earlier; SGMW sold 801,869 vehicles, up 64.5 percent year-on-year.Due to the increase in sales, SAIC’s domestic market share has reached 20.2 percent, up 1.9 percent from a year earlier.Agencies and Shi Jierui contributed to this story Explore the World, Understand China!Please log on http://www.gloaltimes.cncar sun shades eco rmt 弹簧 bathroom vanities エルソード rmt

Blair: C ipod converter hina, US Committed to Addressing Climate Change
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Blair: China, US Committed to Addressing Climate ChangePublished: 20 Aug 2009 18:20:59 PSTThere is renewed commitment from leaders in the United States and China to tackle the problem of climate change, former British Prime Minister Tony Blair said in an interview with China Daily Thursday.”The level of determination is bigger than it’s ever been before,” he said. ”And I really believe this time that China and America need not be in collision on this issue. They can cooperate to find a common solution.”China and the US together account for roughly 40 percent of annual global carbon emissions, and the two countries are trying to hammer out the outlines of a climate change agreement before a major international summit on the issue in Copenhagen at the end of this year.”I think the desire is there to reach an agreement at Copenhagen in a way it wasn’t there 12 years ago at Kyoto,” Blair said, referring to a climate change treaty signed in Kyoto, Japan which the US did not ratify.Still, it will not be easy, the former Prime Minister acknowledged. Political leaders ”have challenges on every side in relation to this,” he said. ”The Chinese leadership of course has got to balance commitment to action on climate change with economic growth. These are not easy questions.”Indeed, China and the US disagree about what the nature of that agreement should be. China argues that as a developing country with a lower per capita emission rate than the United States, it should also have greater leeway to focus on development. But Washington maintains that agreement is meaningless without a major commitment from Beijing.Blair, however, argued that this question can be at least partially sidestepped by focusing on the development of green technology. ”What we’ve got to do is develop the science and technology that allows us to consume differently,” he said. ”It’s not how do we stop consuming.”And the global economic crisis, he says, represents an opportunity to do just that.”It is a crisis, but it’s also an opportunity to restructure our economies. So let us invest in clean technology for the future,” he said.(China Daily August 20, 2009)弹簧 in stock kitchen cabinets lithium batteries kitchen cabinets wholesale ドラゴンネスト rmt